Central Banking

Internet banking users top 12 million in Korea

SOUTH KOREA - The number of subscribers to Internet banking services reached 12.41 million at the end of March in South Korea, up 9.7 percent from 11.31 million at the end of last year, the Bank of Korea (BOK) said Monday.

In a report on the nation's Internet banking services, the BOK said that after reaching a level of 470,000 at the end of March 2000, the number of Internet banking users had steadily increased to 11.31 million at the end of last year from 7.43 million at the end of June last